Cleveland-Cliffs

Cleveland-Cliffs, Inc. is a flat-rolled steel producer, which supplies iron ore pellets to the North American steel industry. It engages in the production of metallics and coke, iron making, steelmaking, rolling and finishing, and downstream tubular components, stamping, and tooling. The company was founded in 1847 and is headquartered in Cleveland, OH.

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Cleveland-Cliffs excels in 2022, focuses on cost efficiency and sustainability

Cleveland-Cliffs had a robust 2022, focusing on financial strength, cost efficiencies, and sustainability initiatives while navigating pricing challenges.
The company's commitment to reducing costs, enhancing client relationships, and pursuing growth opportunities positions it well for future success.
Despite financial challenges, Cleveland-Cliffs remains resilient, prioritizing operational excellence and strategic initiatives for sustainable growth.

Cleveland-Cliffs (CLF) doubles EBITDA in Q1, eyes green energy opportunities

Cleveland-Cliffs (CLF) reported a strong Q1 performance, exceeding expectations in key metrics and profitability. The company's strategic focus on cost management, sustainability, and high-value-added products positions it well for continued success in 2023. While challenges in cost management and inventory levels exist, opportunities in green energy markets and automotive demand offer avenues for growth.

Cleveland-Cliffs (CLF) reports stellar Q2 results and eyes growth opportunities

Cleveland-Cliffs (CLF) excelled in Q2, showcasing financial strength, operational efficiency, and sustainability efforts. While facing challenges in pricing and volume shifts, the company's strategic strengths and growth opportunities position it well for continued success. CLF's focus on innovation, cost reduction, and shareholder value creation underpins its positive outlook.

Cleveland-Cliffs reports robust Q3 earnings, eyes cost efficiencies and growth

Cleveland-Cliffs' Q3 performance reflects financial strength and strategic focus on cost efficiency and shareholder value. Challenges include the impact of the UAW strike and competitive pressures in the automotive industry. The company is well-positioned to capitalize on opportunities for cost savings and diversified demand.

Cleveland-Cliffs (CLF) reports strong Q4 earnings, prioritizes shareholder value

Cleveland-Cliffs (CLF) showcased robust financials in Q4 2023, prioritizing shareholder value through buybacks and debt reduction. Despite challenges in market dynamics and competition, CLF's focus on technological advancement and operational efficiency positions them well for future growth and stability.

Cleveland-Cliffs prioritizes shareholder value and sustainability in Q1 2024

Cleveland-Cliffs prioritizes shareholder value through share buybacks and sustainable initiatives, showcasing a rebound in profitability and commitment to long-term growth.
The company faces challenges from trade imports impacting facilities and pricing misalignments with competitors, while opportunities lie in decarbonization projects and operational enhancements.
Overall, Cliffs' performance in Q1 reflects a strategic focus on shareholder returns, workforce support, and organic growth, positioning itself for sustainable value creation and market expansion.

Cleveland-Cliffs (CLF) reports robust Q2 earnings, eyes growth opportunities

CLF's Q2 performance reflects financial strength, operational efficiency, and strategic priorities for growth and sustainability.
While facing challenges from market dynamics, CLF's disciplined approach to cost management and investments in growth areas offer resilience.
Opportunities in automotive sector, M&A, and sustainability initiatives position CLF for future expansion and value creation.
Overall, CLF's focus on financial discipline, market diversification, and sustainability goals underpin its strategic direction and long-term success.

Cleveland-Cliffs reports Q3 earnings impacted by steel demand challenges

Cleveland-Cliffs navigated challenges in Q3 with commendable cost performance and strategic acquisitions. The company's focus on operational efficiency and market positioning bodes well for future growth. Opportunities for expansion and synergy realization from the Stelco acquisition are key drivers of optimism.

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Cleveland-Cliffs, Inc. operates as a flat-rolled steel company, which supplies iron ore pellets to the North American steel industry. It engages in the production of metallic and coke, iron making, steelmaking, rolling and finishing, and downstream tubular components, stamping, and tooling. The company was founded in 1847 and is headquartered in Cleveland, OH.

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced today that two of its projects have been selected for award negotiations for up to $575 million in total funding from the United States Department of Energy (DOE) to pursue two decarbonization investments at Middletown Works in Ohio and Butler Works in Pennsylvania. Following successful negotiations, these projects will allow for substantial reductions in greenhouse gas (GHG) emissions across the Cliffs' footprint and will.

Cleveland-Cliffs Selected to Receive $575 Million in US Department of Energy Investments for Two Projects to Accelerate Industrial Decarbonization Technologies

In the closing of the recent trading day, Cleveland-Cliffs (CLF) stood at $21.20, denoting a +1.15% change from the preceding trading day.

Cleveland-Cliffs (CLF) Surpasses Market Returns: Some Facts Worth Knowing

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced today the expiration of and final results for its previously announced offer to purchase for cash (the “Tender Offer”) any and all of its outstanding 6.750% Senior Secured Notes due 2026 (the “Notes”). The Tender Offer expired at 5:00 p.m., New York City time, on March 13, 2024 (the “Expiration Time”). On March 18, 2024, the Company purchased $639,737,000 in principal amount of the Notes that were validly tendered and not v.

Cleveland-Cliffs Announces Final Results of Tender Offer

Cleveland-Cliffs stock has been in a recovery trend since September but has underperformed the S&P 500 Index in the last 3 years. Despite the existing risks in terms of pricing and cyclicality, I think CLF has much more reason for margin expansion in the medium term. In my opinion, the company is driven by strong management that prioritizes buybacks (10.4 million shares were repurchased in 2023 alone) and debt reduction.

Why Cleveland-Cliffs Stock Is Poised To Go Higher

United States Steel

Cleveland-Cliffs CEO Lourenco Goncalves said on Thursday he would consider another bid for United States Steel likely worth no more than $30 per share if the latter's $14.1 billion deal with Japan's Nippon Steel falls apart.

Cleveland-Cliffs CEO mulls much lower bid for US Steel if Nippon deal falls apart

Nucor

Citi analyst Alexander Hacking on Wednesday flipped preferences on two major steel stocks against what he sees as a favorable period for the sector.

Citi upgrades Nucor to buy and cuts Cleveland-Cliffs to neutral in steelmaker ratings swap

Cleveland-Cliffs (CLF) concluded the recent trading session at $20.47, signifying a -0.29% move from its prior day's close.

Cleveland-Cliffs (CLF) Stock Drops Despite Market Gains: Important Facts to Note

The net proceeds from the Notes are expected to be used by Celeveland-Cliffs (CLF) to repurchase or redeem all of its existing 6.750% Senior Secured Notes due 2026.

Cleveland-Cliffs (CLF) Upsizes & Prices $825M of Unsecured Notes

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it has upsized and priced $825 million aggregate principal amount of senior unsecured guaranteed notes due 2032 (the “Notes”) in an offering that is exempt from the registration requirements of the Securities Act of 1933 (the “Securities Act”). The Notes will bear interest at an annual rate of 7.000% and will be issued at par. The Notes will be guaranteed on a senior unsecured basis by the Company's material dire.

Cleveland-Cliffs Announces Upsizing and Pricing of $825 Million of Senior Unsecured Guaranteed Notes due 2032

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced today the commencement of a tender offer to purchase (the “Tender Offer”), subject to certain terms and conditions, any and all of its outstanding 6.750% Senior Secured Notes due 2026 (the “Notes”), at the price set forth below. The Tender Offer is scheduled to expire at 5:00 p.m., New York City time, on March 13, 2024 (the “Expiration Time”), unless extended or earlier terminated by the Company. The Tender Offer is being m.

Cleveland-Cliffs Announces Tender Offer for Any and All of its 6.750% Senior Secured Notes due 2026

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it intends to offer to sell, subject to market and other conditions, $750 million aggregate principal amount of senior unsecured guaranteed notes due 2032 (the “Notes”) in an offering that is exempt from the registration requirements of the Securities Act of 1933 (the “Securities Act”). The Notes will be guaranteed on a senior unsecured basis by the Company's material direct and indirect wholly-owned domestic sub.

Cleveland-Cliffs Announces Proposed Offering of $750 Million of Senior Unsecured Guaranteed Notes

CLEVELAND--(BUSINESS WIRE)--The U.S. International Trade Commission (ITC) this week issued public documents detailing the rationale behind its unanimous negative injury determination in the tin mill products trade case brought by co-petitioners Cleveland-Cliffs and the United Steelworkers (USW). This determination by the ITC negated the implementation of anti-dumping and countervailing duties calculated by the Department of Commerce and will result in the continuation of widespread unfair trade.

Cleveland-Cliffs and the United Steelworkers Union Jointly Comment on the Tin Mill Products Final Report Released by the ITC

Cleveland-Cliffs (CLF) reported earnings 30 days ago. What's next for the stock?

Cleveland-Cliffs (CLF) Up 2.9% Since Last Earnings Report: Can It Continue?

ArcelorMittal

Sustainability emerges as the defining trend for the future, with clean steel positioned as a key narrative. The surge in demand for steel post-coronavirus crisis, coupled with supply chain disruptions, catapulted steel prices to historic highs in late 2021.

First Movers: 3 Stocks at the Forefront of Clean Steel Technology

Steel prices are trading under pressure in 2024 with VanEck Steel ETF (NYSEARCA: SLX ) down about 4% year-to-date. This has promoted commodity investors to draw a list of stocks to avoid in this space.

3 Stocks to Avoid as Steel Prices Fall in 2024

Cleveland-Cliffs (CLF) announces the indefinite idling of its Weirton plant due to the ITC's rejection of anti-dumping duties.

Cleveland-Cliffs (CLF) to Idle Tin Plant After ITC Ruling

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it will be indefinitely idling its tinplate production plant located in Weirton, West Virginia in April 2024. The need to idle the Weirton plant is a direct result of the unanimous decision issued by all four members of the International Trade Commission (ITC) negating the implementation of anti-dumping and countervailing duties on tin mill products calculated by the Department of Commerce. A WARN notice is being.

Cleveland-Cliffs to Idle Weirton Tinplate Facility Following Unfavorable ITC Ruling

Cliffs should be able to have a bigger focus on returning cash to shareholders, J.P. Morgan says.

Buy Cleveland-Cliffs Stock, Not U.S. Steel, J.P. Morgan Says

If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Cleveland-Cliffs (CLF) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.

Despite Fast-paced Momentum, Cleveland-Cliffs (CLF) Is Still a Bargain Stock

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Cleveland-Cliffs (CLF) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Can Cleveland-Cliffs (CLF) Run Higher on Rising Earnings Estimates?

Etsy

There's always something on sale, even when the market is at new heights.

The Bull Market Is Here: 2 Stocks Still at Bargain Prices

Cleveland-Cliffs provided strong guidance for eFY24 and is expected to experience strong tailwinds from cost-cutting measures and enhanced steelmaking process. The US Steel and Nippon merger is still awaiting antitrust approval, and if it falters, Cleveland-Cliffs will bring a new offer to the table, likely at a reduced price. Management is refocusing capital allocation from 85/15 to 50/50 debt reduction & share repurchasing, significantly bolstering shareholder value.

Cleveland-Cliffs Bolsters Shareholder Value

Management also offered a solid 2024 outlook.

Cleveland-Cliffs Is Focusing on Buybacks. Investors Approve.

Cleveland-Cliffs Inc. (CLF) Q4 2023 Earnings Call Transcript

News for Cleveland-Cliffs Stock (CLF)